Ethanol Blog

Spot Ethanol Prices in Chicago Tumble on Rising Supply

Spot ethanol prices extended losses in Chicago and other regional hubs after the Energy Information Administration reported an increase for domestic ethanol production while inventories jumped to a record high.

The agency reported total stocks rose 600,000 bbl or 2.7% to 23.0 million bbl in the week ended Feb. 5 and plant production ramped up 10,000 bpd to 969,000 bpd. Chicago ethanol traded under Rule 11 for this week shipment was talked at a $1.35 to $1.36 per gallon bid/ask, down 4.5 cents on the session.

George Orwel can be reached at george.orwel@dtn.com

(ES)

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